What are Waste Management's profit margins?

Waste Management (WM) runs a 40.7% gross margin and a 17.3% operating margin, with a 11.0% net margin.

Where do Waste Management's ratios come from?

Every ratio is computed from Waste Management's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Waste Management WM Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	161.3%+1.2pp	160.1%+1.2pp	158.9%+0.8pp	158.1%+0.7pp	157.4%+0.7pp
Operating margin	68.4%-0.4pp	68.8%-1.3pp	70.1%-1.9pp	72%-0.7pp	72.8%-0.5pp
Net margin	43.4%-0.7pp	44.1%-1.7pp	45.8%-2.0pp	47.8%-0.8pp	48.6%-0.3pp
EBITDA margin	113.6%+0.5pp	113.1%-0.1pp	113.2%-0.7pp	113.9%+0.2pp	113.7%+0.1pp
Free cash flow margin	42.8%+4.9pp	37.9%+1.4pp	36.5%-0.1pp	36.7%-1.1pp	37.7%-2.3pp
Returns
Return on equity	121.6%-4.1pp	125.7%-6.5pp	132.2%-6.1pp	138.3%-2.7pp	141%-1.7pp
Return on assets	25.4%-0.7pp	26.1%-1.1pp	27.2%-1.5pp	28.8%-0.9pp	29.7%-0.8pp
Efficiency
Asset turnover	2.3×0.0×	2.4×0.0×	2.4×0.0×	2.4×0.0×	2.4×-0.1×
Liquidity
Current ratio	3.5×+0.1×	3.4×+0.1×	3.3×0.0×	3.3×-0.2×	3.6×-0.1×
Quick ratio	3.5×+0.1×	3.4×+0.1×	3.3×0.0×	3.3×-0.2×	3.6×-0.1×
Cash ratio	0.2×0.0×	0.2×0.0×	0.2×-0.1×	0.3×0.0×	0.3×0.0×
Valuation
Market capitalization	$364.37B-0.1%	$364.78B+2.1%	$357.26B+1.6%	$351.61B+2.5%	$343.09B+2.2%
Price / earnings	135.2×-1.6×	136.8×+3.2×	133.6×+3.1×	130.5×+0.9×	129.5×+0.3×
Price / sales	14.7×-0.4×	15.1×-0.2×	15.3×-0.3×	15.6×-0.2×	15.7×-0.1×
Price / book	37.7×-1.5×	39.2×-1.0×	40.2×-1.1×	41.3×-1.3×	42.5×-1.3×
Free cash flow yield	11.7%+1.6pp	10.2%+0.5pp	9.6%+0.2pp	9.5%-0.2pp	9.6%-0.5pp
Earnings yield	11.8%+0.1pp	11.7%-0.3pp	12%-0.3pp	12.3%-0.1pp	12.4%0.0pp
Dividend yield	5.8%+0.2pp	5.7%0.0pp	5.6%0.0pp	5.6%0.0pp	5.6%0.0pp

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Questions, answered.

What are Waste Management's profit margins?: Waste Management (WM) runs a 40.7% gross margin and a 17.3% operating margin, with a 11.0% net margin.
Where do Waste Management's ratios come from?: Every ratio is computed from Waste Management's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.